Schäuble: Solution for Greece does not include debt relief
The German Minister of Finance Wolfgang Schäuble expressed his confidence that there will be a solution for Greece within the next few weeks, however he underlined that such a solution will not include debt relief.
In an interview on German television network ARD, Mr. Schäuble explained that the solution will primarily aim to make the Greek economy more competitive.
Mr. Schäuble pointed out that the maturities of the Greek debt have been extended to 35 years and interest payments have been postponed for 10 years. As such, he argued, the Greek government must fulfill the obligations it has assumed
According to the German Finance Minister those who speak of debt relief simply do not want to talk about what the Greek government has to do.
You may be interested
Crete is the most popular holiday destination for BritsPanos - Jan 21, 2021
Crete is the most popular holiday destination for this year’s tourist season for the Brits, according to online searches made in…
Fastest Brand Growth in 2020 (infographic)Panos - Jan 21, 2021
2020 has been a pivotal year for various brands in the U.S. A new report of the fastest-growing brands shows…
Putin dips into freezing waters for Epiphany feastPanos - Jan 21, 2021
The Russian Orthodox Church celebrated the Epiphany on the night of January 18-19. Taking off his warm coat and under polar…